This Paper studies the effects of fiscal policy on GDP, inflation and interest rates in five OECD countries, using a … plausible values of its price elasticity, government spending typically has small effects on inflation. 6) Both the decline in …

corrects the average debt bias, inflation, which is attuned to the Union-average debt level, is more stable. …

distortions (and, hence, high inflation) is admitted into a monetary union once its economic structure has converged sufficiently … the union again later, convergence stops for a while after the high inflation country has joined. With irreversible …

government's budget, especially the roles played by taxes and subsidies. This paper reviews the Hungarian fiscal situation in …

Cross-country evidence on inflation and inequality suggests that they are positively correlated. I explore the …

transparent and non-transparent regimes are compared to each other and to the corresponding cases of inflation targeting … volatility of inflation, output and interest rate. We analyze the effect of higher inflation targets and large expectational …

linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due … properties of interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has … inflation are likely to ensure global stability provided that the coefficient on lagged interest rates is greater than unity. …